PFMC Selects Brian Dingerdissen as Next PGW Chief Financial Officer

PHILADELPHIA (August 11, 2026) – Today the Philadelphia Facilities Management Corporation (PFMC) announced the appointment of Brian Dingerdissen as the new Executive Vice President (EVP) and Chief Financial Officer (CFO) for Philadelphia Gas Works (PGW). As a seasoned utility finance executive and leader with more than two decades of experience in regulated water and natural gas utilities. Dingerdissen joins at a pivotal moment as PGW builds upon decades of financial improvement and infrastructure investment while helping to shape Philadelphia’s evolving energy future.

PGW’s financial turnaround over the past 25 years has been extraordinary. PGW dramatically improved relevant financial metrics since 2001, including:

Rising bond rating from BBB+ to A+
Increasing its collection rate from 86% to 97%
Exceeding its goals for maintaining and replacing critical natural gas infrastructure

“On behalf of the entire PFMC Board, I would like to express our excitement in welcoming Brian to PGW,” said Leigh Whitaker, Chair of the PFMC Board. “Brian brings a rare blend of financial depth, industry knowledge, and strategic planning experience. We are confident that he will be a tremendous asset to PGW’s leadership team to continue building on the foundation built by outgoing CFO, Joseph F. Golden Jr.”

Dingerdissen brings more than 20 years of leadership experience in regulated utility operations, finance, planning and strategy. Most recently, he served as the Vice President, Financial Planning & Analysis, Investor Relations, and Treasurer for Essential Utilities, the parent company of Aqua and Peoples Natural Gas. During his tenure, he has held several senior leadership positions with increasing responsibility, partnering closely with executive leadership and the board of directors on financial stewardship, long-term planning, strategic initiatives, and stakeholder engagement.

“We are thrilled to welcome Brian Dingerdissen to PGW,” said Seth Shapiro, President and CEO of PGW. “I am confident that he has the background to both maintain the financial discipline for which PGW has become known, while also bringing creativity and the entrepreneurial spirit that will be critical to succeeding as the energy industry evolves over the coming years.”

Dingerdissen’s appointment was unanimously approved by the Philadelphia Gas Commission on August 11.

“I am honored to join PGW and build upon the strong financial foundation established by Joe Golden and the entire PGW team," said Brian Dingerdissen. "PGW plays an essential role in the lives of Philadelphians and stands at the intersection of public service, infrastructure reliability, customer affordability, and energy innovation. I look forward to working alongside PGW employees, leadership, the Gas Commission, PFMC Board, City officials, and community stakeholders to ensure the utility remains financially strong, operationally resilient, and well positioned for the future.”

PGW is the largest municipally owned gas utility in the country, serving more than 500,000 customers and will continue to invest in innovative energy solutions and strategic initiatives. PGW launched a comprehensive search for an executive vice president and chief financial officer following the announcement of current CFO Joseph Golden, Jr.

“I would also like to take this opportunity to thank PGW’s outgoing CFO. Joe played a central role in improving and stabilizing PGW's finances during his more than 40 years of service. I'm sure PFMC joins hundreds of current and former PGW employees as well as countless colleagues across the industry in saying that Joe will be sorely missed,” added PFMC Board Chair Whitaker.

Dingerdissen earned a Bachelor of Science in Business Administration and MBA from Villanova University. He currently serves as Chair of the American Red Cross Delaware Valley Chapter. His commitment to community service and civic leadership aligns closely with PGW’s mission of serving Philadelphia’s residents and businesses.

PGW Brings Home the Gold: Honored by The APGA

American Public Gas Association recognizes PGW for excellence in operations in system integrity and improvement, employee safety and workforce development

PHILADELPHIA (August 11, 2026) - PGW received the American Public Gas Association’s (APGA) gold-level System Operational Achievement Recognition (SOAR), honoring its outstanding performance and excellence in operations of its natural gas utility. This distinction highlights PGW’s ongoing commitment to prioritizing safety, enhancing operational capabilities, and meeting challenges with innovation.

“This achievement belongs to our 1,600 employees, whose expertise, dedication and service strengthen our system,” said Robert K. Smith, Senior Vice President, Operations, Supply Chain & Gas Management at PGW. “We are honored to be recognized at the gold-level by the APGA, which reflects our core values, employing a safety-first culture, and our commitment to improving and investing in our system that provides safe, reliable natural gas to Philadelphians every day.”

This marks the first time PGW has earned the gold ranking from APGA, after previously receiving the silver-level award twice. PGW was selected as one of 11 gold-level awardees from among approximately 750 APGA member utilities. PGW received 164 of a possible 168 points in SOAR’s scoring rubric that focuses on four primary areas:

System Integrity, which evaluates a utility’s commitment to safe operations through capital improvements, assets integrity management, and ongoing operations and maintenance activities. Through the Pipeline Infrastructure Improvement Program, PGW has significantly accelerated the installation of modern natural gas mains to increase safety, reliability and lower emissions. PGW expanded from installing approximately 18 miles annually a decade ago to more than 30 miles annually today. PGW also responds to more than 80,000 calls each year through Pennsylvania’s “One Call” system, which requires utilities to mark the location of their underground lines before any contractor or resident begins an excavation project to reduce the risk of damaging natural gas infrastructure or other underground utility lines.

System Improvement, which assesses a utility’s commitment to continuous enhancement through the use of innovative tools and technologies, participation in voluntary industry initiatives, and the adoption of best practices. PGW uses advanced technology for its leak detection program to proactively identify leaks in the distribution system and potential methane escape. This program assists in prioritizing areas that need repair or replacement and helps reduce methane emissions. This work was supported through a total of $125 million in grants from the U.S. Department of Transportation’s Natural Gas Distribution Infrastructure Safety and Modernization (NGDISM) Grant Program.

Employee Safety, which evaluates a utility’s commitment to protecting its workforce through training, clear procedures, strong policies, and the proper tools and equipment. PGW puts safety first and is committed to embedding a true “safety first” culture across the entire organization. PGW’s field operations are now based out of a new state-of-the-art training facility in Northeast Philadelphia. PGW empowers employees to immediately halt work if unsafe conditions arise through its “stop work authority”, provides mandatory training for employees as well as safety tips to make sure employees know how to stay safe.

Workforce Development, which evaluates a utility’s effort to recruit, retain, develop, and support its employees. As PGW celebrates 190 years in the energy industry, it continues to invest in its employees and help build their knowledge by encouraging participation in community events, industry events and conferences, and professional education opportunities.

“PGW was highly rated in all four areas that are required of SOAR,” said APGA President and CEO Dave Schryver. “PGW consistently demonstrates a commitment to providing natural gas safely and efficiently to all those in their community and as such, serves as a model for all other natural gas utilities in the country,” Schryver said.

Employees across several departments collaborated on the award submission, providing data, anecdotes, and information to illustrate PGW’s efforts in each of SOAR’s four categories.

PGW Announces Results of Geothermal Feasibility Study in Collaboration with School District of Philadelphia and Philadelphia Parks and Recreation

Study Confirms Technical Viability of Geothermal Heating and Cooling System at McCloskey Elementary School and Dorothy Emanuel Recreation Center

PHILADELPHIA (August 5, 2026) – Philadelphia Gas Works (PGW) is excited to share the results of the Geothermal Feasibility Study, conducted in collaboration with the School District of Philadelphia (SDP), the City of Philadelphia’s Parks and Recreation (PPR), and Alderson Engineering. The study was undertaken to assess the technical and economic viability of implementing a closed loop geothermal heating and cooling system at the site serving John F. McCloskey Elementary School and Dorothy Emanuel Recreation Center.

The exploration of geothermal technology is part of PGW’s broader diversification efforts, which aim to grow revenue, deliver increased value to customers, expand its clean energy portfolio, and lower emissions. The study is one of the efforts PGW is taking to evaluate what role it can play in delivering innovative energy services beyond just natural gas in the future. In addition, PGW’s collaboration supports SDP’s GreenFutures Plan, with the goal to provide students and staff with a well-resourced, safe, healthy, clean, and comfortable learning and working environment.

The detailed study outlines geological conditions, available space for underground borefield installations, and the potential design for a decentralized geothermal unit with pumping capabilities. PGW and partners remain laser focused on exploring achievable ways to reduce emissions, offer cost-saving energy efficient options for customers, and sustain jobs across Philadelphia.

“As a leader in the energy industry, PGW is committed to delivering safe, reliable and affordable energy,” said Seth Shapiro, PGW President and Chief Executive Officer. “We have increasingly focused on innovation, partnering with other institutions to drive creative energy solutions across the City. We believe geothermal is one of many alternatives that can play a pivotal role in an ‘all of the above’ energy strategy for the City and Commonwealth.”

Background

The Geothermal Feasibility Study outlines a realistic solution to support keeping students and staff in a comfortable environment. While John F. McCloskey Elementary School and the Dorothy Emanuel Recreation Center are operating to the best of their abilities, extreme heat at times forces McCloskey School students and staff to participate in virtual learning and face canceled activities due to inadequate cooling.

“By partnering with Philadelphia Gas Works to explore innovative energy solutions within our schools, we aim to provide clean and efficient heating and cooling options, enhance our school environment, reduce costs, and be part of a key feasibility study that can help pave the way for equitable, sustainable energy strategies that benefit all Philadelphians,” said Deputy Superintendent of Operations Oz Hill, School District of Philadelphia.

Key Findings

The Geothermal Feasibility Study identified the following key findings:

Favorable Geological Conditions: The geological conditions of the site are favorable for vertical borehole drilling (a hole that has been drilled straight down into the ground).
Above-Average Thermal Conductivity: Local thermal conductivity tests, which measure how well the ground can transfer heat, indicated moderately above average thermal conductivity, which is an important factor in geothermal systems as they rely on the ground to extract heat in the winter and exchange heat in the summer.
Aging HVAC Infrastructure: The existing oil-fired HVAC equipment at McCloskey does not provide cooling and has exceeded its expected lifetime and is recommended to be replaced. PPR recently completed an HVAC project at Dorothy Emmanuel Recreation Center.
Viable System Design: To implement a geothermal system, the planned borehole systems, related delivery pump systems, and enclosures would be placed on the grass area next to the playing field area of the site. The geothermal utilities would deliver fluid to a heat exchanger system in each of the connected buildings. Two options are available for housing the pumping infrastructure – a prefabricated building, or in the school’s basement to reduce costs.
Project Cost Estimates:
- If only replacing the heating system, natural gas remains the most affordable and most efficient solution for the facilities. If replacing heating and adding cooling, the ability of geothermal to serve both functions with a single system creates synergies.
- The primary geothermal solution is expected to cost approximately $19 million. With projected potential incentives reducing the cost by approximately $7.6 million, the net total cost of the project is estimated to be $11.4 million.
- A second alternative solution is expected to cost approximately $25 million. With projected potential incentives reducing the cost by approximately $10 million, the estimated net total cost is $15 million.
- These potential incentives are fully dependent on the Investment Tax Credit offsetting approximately 40% of the geothermal project cost.

Future Scalability: The geothermal system design anticipates the ability for future scalability, providing the opportunity for additional properties or buildings to be safely integrated into the loop over time.

Procurement Process

In PGW’s effort to expand its clean energy portfolio and explore diversification efforts, PGW issued a Request for Proposals on March 17, 2025, and received applications through April 15, 2025. All were carefully reviewed before Alderson was selected as the Geothermal Feasibility study contractor.

To read the study, visit pgworks.com/fuelingthefuture.

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